Article
Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls
Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls
In the past two weeks we have discussed demand destruction as a result of soaring oil prices (here and here), and we are increasingly seeing anecdotal evidence of just that (here is a table from Goldman we showed previously, laying out where demand destruction is most acute).
We start, as always, with Asia which has emerged as ground zero of the global energy crisis - as a reminder last week we first presented a map by JPMorgan's...
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Apr 15, 2026 / Tyler Durden
Former Brazilian Intelligence Chief Detained By ICE In Florida
Former Brazilian Intelligence Chief Detained By ICE In Florida
Authored by Charis Summers via The Epoch Times,
Alexandre Ramagem, a former chief of the Brazilian intelligence agency and a close ally of former President Jair Bolsonaro, has been detained by Immigration and Customs Enforcement (ICE) officers in Orlando, Florida.
Ramagem was chief of the ABIN intelligence agency from 2019 until 2022, when he was elected to the Chamber of Deputies, representing Bolsonaro’s Liberal Party.
In September 2025, he was sentenced to 16 years in prison for his role in an attempted coup in...
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May 17, 2026 / Tyler Durden
Big Pharma RINO Bill Cassidy Smoked By Trump-Endorsed Candidate In Louisiana Senate Primary
Big Pharma RINO Bill Cassidy Smoked By Trump-Endorsed Candidate In Louisiana Senate Primary
Senator Bill Cassidy (R-LA) came in third in Louisiana's Republican Senate primary on Saturday - marking the first time in nearly 15 years that a sitting US Senator has lost a primary in a regularly scheduled election.
Instead, Trump-endorsed Rep. Julia Letlow led with ~45% of the vote, while state Treasurer John Fleming came in second at 28%.
Letlow and Fleming will now face off in a June 27 runoff.
Cassidy was a notable fan of Obamacare, and voted to convict Trump...
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Apr 6, 2026 / Tyler Durden
The 28th Amendment: Is It Time For A New Amendment On The Meaning Of Citizenship?
The 28th Amendment: Is It Time For A New Amendment On The Meaning Of Citizenship?
Authored by Jonathan Turley,
“Well, it’s a new world. It’s the same Constitution.”
Those words from Chief Justice John Roberts during this week’s oral arguments signaled that the conservative justices are unlikely to reject birthright citizenship. Of course, nothing is certain until this summer when the Court issues its opinion in Trump v. Barbara. However, we need to consider the need for a 28th Amendment to reaffirm the meaning of citizenship.
As some of us stressed before the oral argument,...
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